Report: More people working beyond age 65 | Bloomberg raises money to retrain displaced energy workers | Report: Employers fear workers will lack essential skills
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Report: More people working beyond age 65 Government data from April show that 19% of people aged 65 and older were working, a rate not seen since 1962. Some people remain in the workforce because they want to, but data indicate that many continue to work likely because they lack adequate retirement savings. InsuranceNewsNet online/The Associated Press (5/5)
Former New York City Mayor Michael Bloomberg's Bloomberg Philanthropies nonprofit has raised $3 million to help coal workers find jobs in a more environmentally friendly field, and he plans to personally match any donation added to that amount. "Generally, what has happened is the coal miners have been left with bad health problems, and no pensions, and in a part of a country that -- sadly and tragically and disgracefully for all of us -- has stayed poor for many, many, too many years," Bloomberg says. TriplePundit (5/5)
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How would the AHCA affect employer-sponsored plans? The American Health Care Act's provision allowing states to define essential health benefits has the potential to affect people covered through employer-sponsored insurance, because large employers would have flexibility to adhere to state standards, including any that scale back benefits under a waiver. The Trump administration has promised lower premiums, but as less generous benefit plans are designed by employers, out-of-pocket spending caps that are tied to any eliminated essential benefits would vanish and lifetime limits could be revived. STAT (tiered subscription model) (5/4),The Wall Street Journal (tiered subscription model) (5/4)
The HR Leader
Ageism cases could rise as boomers keep working More baby boomers are delaying retirement, so more cases such as a $12 million age-discrimination settlement from Texas Roadhouse might occur. Employers do have defenses in these situations, particularly if a worker has a history of less-than-stellar performance reviews. HR Dive (5/4)
